New Home Sales Hit Record Low After Tax Credit Expires

The real estate market is returning to normal after being artificially stimulated by a tax credit.

Gulf Oil Spill To Hit Atlantic in October

A group of oceanographers suggest that the oil from the Deepwater Horizon explosion will leave the Gulf in a few months. What happens then?

House Democrats Announce No Budget Will Be Passed In 2010

The House Democrats have just handed the GOP another issue to bash them with in the fall.

China Revalues RMB! (A Teeny Bit)

China has pledged to allow their currency to fluctuate. Don’t get too excited.

Quote of the Day: SUV Edition

The automobile industry is amoral in accommodation. It goes where invited and stays as long as it is profitable to do so.